Iron ore, used to make steel, imports into China dropped by 30% in October.
I have to admit, this data point isn’t consistent with the rest of the strong growth numbers I’ve seen out of China.
I pay attention to anomalous numbers like these because they are often an early warning sign of momentum changes.
Related Posts
- China’s coal imports on the rise (12/20/09)
- Oil imports drop in China (09/11/09)
- Oil imports to China plunges (12/15/08)
- Oils imports to China rise (06/24/08)
- Chinese steelmaker pays 80% more for iron ore (06/24/08)
{ 2 comments… read them below or add one }
Tony have you read this:
http://www.politico.com/news/stories/1109/29330.html
Tony - What’s the situation with CBAK and the recent exclusion of GSH from the index?